On August 20, ALLCOT Group succeeded in registering a Program of Activities (PoA) for waste in Latin America and took an extremely important step towards climate change mitigation.
This program of activities will make landfill, biogas collection and subsequent management projects feasible. In this way, it will be possible to reduce methane emissions, a greenhouse gas with a much greater global warming potential than carbon dioxide (CO2).
Thanks to the excellent relations with the institutions involved, as well as the capacity of the technical team to achieve such success, it will be possible to include several projects in the PoA, thus reducing costs and time.
The greater the number of projects, the greater the mitigation of climate change and the progress towards real sustainability.
Thanks to its operational and organizational stability, and its ability to promote the transfer and deployment of climate technologies, ALLCOT has joined the CTCN (Climate Technology Centre & Network). As a member of the CTCN, ALLCOT will be able to access a diverse global community of climate technology users, providers and funders, and will play a significant role in information exchange and capacity building, providing technical assistance in response to country requests.
The CTCN is the operational arm of the UNFCCC Technology Mechanism, hosted by the UN Environment Programme and the UN Industrial Development Organization (UNIDO).
ALLCOT Group launches its services related to project design and implementation in terms of Nature-based Solutions (NbS).
Natural based Solutions (NbS)—conservation, restoration, and land-management actions that increase carbon storage and avoid greenhouse-gas emissions—is considered one of the key measures to curb the growth of greenhouse-gas emissions and the urgent need to slow the destruction of the natural world for the global economic recovery. In fact, as argued in a new paper produced by McKinsey in partnership with the World Economic Forum, there is no clear path to deliver climate mitigation without investing in nature to overcome the global economic recovery after COVID-19 pandemic.
Greenhouse gas emissions from agriculture, forestry and other land use contribute to about a quarter of global emissions, and it is estimated that Natural based Solutions (NbS) projects can help deliver around one-third of net emission reductions needed by 2030. The Natural based Solutions (NbS) are regarded as a powerful tool to fight against climate change, biodiversity loss and food security. Given that world is currently seeking to emerge from the current pandemic and work towards the UN Sustainable Development Goals, it is a question of prime importance that future investments in nature reach their potential by contributing to the health and well-being of people and the planet. The main characteristics are as follows:
- are focused on addressing current social challenges, enabling the achievement of local benefits for both sustainable development and effective biodiversity protection.
- are actions aimed to achieve the protection, restoration or management of natural as well as semi-natural ecosystems. NbS also challenges the sustainable management of aquatic systems and land use, such as croplands or timberlands; also including the creation of novel ecosystems in and around cities.
- are intended to underpin biodiversity, effectively responding to the real needs of local communities and indigenous people.
To sum up, company owners, investors and policy as well as decision makers are currently urging for NbS initiatives, being effective and scalable, also implying potential externalities. Private-sector commitment to climate action is gaining momentum, with companies increasingly adopting strategies aimed at reaching net-zero emissions and some pledging to invest in nature through the purchase carbon credits (or “offsets”) generated from Natural based Solutions (NbS), as part of the effort.
Counting with a well-structured, experienced and appreciated technical competent team within stakeholder engagement works, local studies, design and project’s implementation phases, ALLCOT is ready to offer its customers new solutions involving NbS. Please contact us to learn more.
ALLCOT will participate in two projects under Article 6.2 of the Paris Agreement for the generation of ITMOs.
ALLCOT has signed two consulting contracts for projects in Senegal and the Dominican Republic aiming to provide ITMOs to Switzerland and Sweden, respectively
An important difference between the approaches of Article 6 of the Paris Agreement and the market mechanisms of the Kyoto Protocol (CDM) is that, under the Paris Agreement, all countries have emission reduction targets in the form of Nationally Determined Contributions (NDCs). Article 6 of the Paris Agreement provides countries with a framework for cooperation in their efforts to limit climate change through the use of carbon units, called International Transfer Mitigation Results (ITMOs) to achieve their NDCs. The generation of ITMOs contribute to increasing the global ambition committed by countries under Article 6.2 of the Paris Agreement by promoting low-carbon technologies and accelerating the implementation of projects and programs. Cooperative approaches are a fundamental tool to achieve the Greenhouse Gas (GHG) emission reduction goals established by each country in its NDC. All projects and programs that voluntarily participate in these cooperative approaches must promote sustainable development and ensure environmental integrity as well as transparency.
At the end of last year, ALLCOT Group signed two contracts for ITMOS generation projects from two different countries:
- Senegal: project for sustainable waste management in Africa funded by the Foundation for Climate Protection and Carbon Offset KLIK (KLIK Foundation). ALLCOT Group will provide its consultancy services for the elaboration of technical documentation (Mitigation Activity Description Document – MADD) that will serve as the basis for the subsequent governmental approval and commercialization of ITMOs to comply with the Swiss NDC.
- Dominican Republic: it is a mitigation project managed by a Norwegian company, AMMADOL BIO, which consists of reducing greenhouse gases generated by the Agricultural and Farming Sector in the Dominican Republic through the implementation and transfer of Dutch technology to capture biogas and provide ITMOs to Sweden. Like with the Senegal project, ALLCOT Group will provide its consultancy services for the MADD elaboration.
Since its inception, ALLCOT Group has been committed to guaranteeing environmental integrity, transparency, and promoting sustainable development aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs) allowing for solid governance agreements.
With more than ten years of experience, the ALLCOT Group technical team is specialized in the market mechanisms of the Kyoto Protocol and, with the signing of these two new contracts, reaffirms and strengthens the trajectory to be one of the main players in the implementation of Article 6 of the Paris Agreement.
Mahindra Racing first Formula E team and FIA World Championship entrant to be certified net Zero Carbon Footprint since inception
- The most sustainable team on the grid becomes the first Formula E outfit and first FIA World Championship entrant to be certified Net Zero Carbon footprint
- Pledges to the UNFCCC Sports for Climate Action Framework
As it continues its vital sustainability work at pace, Mahindra Racing is pleased to announce that it is the first Formula E team, and first FIA World Championship entrant, to be certified Net Zero Carbon footprint since inception. The certification has been approved by the ALLCOT Group for carbon emission offsetting for the entirety of the team’s existence.
The emission allowances have been marked for permanent removal from the pool of offsetting credits at the Environmental Registry on behalf of the team’s chosen REDD+ Project.
Established in 2009, ALLCOT is a leader in greenhouse gas (GHG) emissions management tools and strategies for businesses of all sizes. By neutralizing GHG emissions, Mahindra Racing is not only able to protect the environment, but also provide community benefits that enhance profitability and brand value, increase employee satisfaction, to combat the climate crisis under Article 6 of the Paris Agreement, which is aligned with the UN 2030 Agenda, and promote the United Nations Sustainable Development Goals.
The REDD+ project protects 177,899 hectares of high conservation value rainforest in the state of Pará, Brazil and will prevent net emissions of >20 million tCO2e over the project lifetime. It is a registered Code REDD+ project; is validated and verified against VCS and in 2012 attained CCBA Gold level accreditation. This project protects threatened tree species like the pau rosa (Brazilian rosewood), provides jobs in forest management and monitoring, supports education in agro-forestry techniques to enable the community to grow cash crops, protects at risk animals like the Giant Anteater, Golden Parakeet and Ka’apor Capuchin Monkey and provides secured land tenure to villages committed to conservation.
In addition to Mahindra Racing’s Net Zero Carbon benchmark, it is also pleased to announce it has pledged to the UNFCCC Sports for Climate Action Framework alongside the FIA and Formula E. This initiative aims at supporting and guiding sports actors in achieving global climate change goals.
By committing to the framework, Mahindra Racing has pledged to five key principles; to undertake systematic efforts to promote greater environmental responsibility, to reduce overall climate impact, to educate for climate action, to promote sustainable and responsible consumption and to advocate for climate action through communication.
These new achievements add to the team’s previous sustainability endeavours including:
- Becoming the first Formula E team in history to receive Three-Star Accreditation– the highest accolade in the FIA’s framework.
- Committing to planting trees in the Araku Valley region of India thanks to its Season 6 tree planting campaign. Mahindra Racing’s efforts are in tandem with Mahindra Group’s commitment which has a commitment to plant 1 million trees every year
- Partnering with One All Sports as its team kit supplier; a natural choice due to their shared vision and dedication to the use of sustainable materials, applications and processes.
“We believe that ‘doing good’ goes beyond philanthropy and CSR, it is more than just random acts of kindness. ‘Doing good’ is a purpose, an attitude, and a way of life; it is our guide for conducting business and ourselves. As a team that is committed to finding credible, advanced and next generation mobility solutions while being kind to the planet. At Mahindra Racing, we pledge to greater ROCE, which, for us, stands for Return On Climate and Environment. This is ingrained into our ethos and a big part of the reason we are racing in Formula E. We have been on this path of reducing our impact on the planet since our birth in 2014 and six years later we are carbon neutral since inception. We are also certified with Three-Star Excellence in sustainability. To this end, our efforts are and will continue to be, in tandem with Mahindra Group’s commitment and quest to achieve group-wide carbon neutrality. We look forward to kickstarting season 7 with ROCE as our guiding principle, towards setting innovative, competitive yet sustainable mobility benchmarks for the world.”
Dilbagh Gill, CEO and Team Principal.
“It is a great achievement for Mahindra Racing to become certified net zero carbon since inception. Mahindra Racing has become a leader in sustainability across the sporting landscape and promotes sustainable business practices across their supply chain. As the first Formula E team to attain FIA Three-star Environmental Accreditation and the most recent team to sign the UNFCCC Sports for Climate Action Framework, they are the perfect partners in the fight against climate change. The first manufacturer to join the Formula E grid and now the first to commit to Gen3, we’re delighted to have a long and ongoing relationship with another organisation so aligned to our vision and values.”
Jamie Reigle, CEO, Formula E.
“We are very proud and excited to be part of the Mahindra Racing sustainability team. Mahindra’s values and beliefs echoes our own. Sustainability or good management through Sustainable Development Goals are at the heart of Mahindra’s drive. It translates into these great achievements that we hope will inspire and lead to a virtuous competition among its pairs. Regardless, it sets great precedents that we aim to continue working and exceed whenever possible”.
Alexis Leroy, CEO, ALLCOT Group.
ENGRAW contracted ALLCOT Group’s services for the ENGRAW’s 2019 Carbon Footprint report as part of its sustainability strategy.
ENGRAW is a company highly aware of caring for the environment. Its activity consists of processing mulesed-free Uruguayan wool, produced by healthy sheep and following the best livestock available practices. For the 2019 financial year, ENGRAW has decided to calculate its Carbon Footprint for the first time by turning to the expert company in Sustainability Services, ALLCOT Group.
The Carbon Footprint is calculated to know the amount of greenhouse gases (GHG) that are emitted directly or indirectly into the atmosphere as a result of the company’s activity. When referring to the carbon footprint of a company and the emission sources that are analyzed in its calculation, we use the term ‘scope’, classifying it into scope 1, 2 and 3. The scope of the calculation can be more or less ambitious depending on the interests of the company.
ENGRAW, being a company with a strong environmental commitment, has decided to calculate its carbon footprint at the corporate and factory level, covering the 3 scopes as follows:
- Scope 1: GHG emissions associated with the direct consumption of fossil fuels for the operation of internal machinery, as well as the supply and treatment of water necessary for the development of production: boilers, forklifts, and utility vehicles.
- Scope 2: indirect GHG emissions associated with the generation of electricity acquired and consumed by ENGRAW facilities. However, as this electricity was generated by its own wind turbines, these emissions were not accounted for.
- Scope 3: Other indirect emissions such as water consumption and treatment, travel, accommodation, and waste.
On the other hand, ENGRAW has allocated part of its facilities to a tree plantation that is irrigated with treated effluent water from the company’s mill. ALLCOT Group, as an expert developer of climate change mitigation projects, has calculated the total equivalent tons captured from the atmosphere by this plantation, proving that not only does it contribute to the water reuse process, but that the plantation itself acts as a CO2 capture mechanism, mitigating ENGRAW’s environmental impact.
As an objective for 2021, ENGRAW will include in the scope of its next Carbon Footprint report its suppliers of wool raw material. In this way ENGRAW increases its ambition towards its goal of becoming a carbon neutral company.
NOTE FROM FEDERICO RAQUET- Managing Director of Engraw
Last but not least, we applied for the green export award in Uruguay a few weeks ago. Your report was submitted to endorse our environmental impact. Last week we were awarded the prize as the most environmentally friendly large export company in Uruguay. So thank you for your contribution to this achievement that made us very pleased.
Veloce Racing becomes first Extreme E team to commit to net-zero carbon target as it joins forces with ALLCOT Group
- Veloce Racing leading the net-zero carbon charge in pioneering all-electric off-road series.
- Team aiming to drive change in motorsport industry by joining forces with sustainability solutions provider.
- ALLCOT to measure and help offset all of team’s pre and in-season carbon production.
Strengthening its resolve to lead the way both on and off the track during the inaugural campaign of Extreme E next year, Veloce Racing has become the first of the innovative electric off-road series’ teams to announce a carbon offset partner, after reaching an agreement with ALLCOT Group.
ALLCOT is a global authority in carbon-offsetting and sustainability initiatives, and teamed up with Extreme E in September with the goal of achieving a net-zero carbon footprint by the end of the championship’s first season.
With environmental sustainability at the very heart of Veloce Racing’s core values – as one of the London-based outfit’s four main pillars, alongside gender equality, automotive electrification and engaging new audiences through esports – the team was eager to make a similar commitment and is the first Extreme E entrant to take this significant step.
The agreement will see ALLCOT measure and help Veloce Racing to offset all of the carbon produced from the moment that the team signed up to compete in Extreme E in September, 2019 – covering the full build-up to the series’ maiden campaign as well as the entire season of racing next year.
Veloce Racing is firmly focussed on its net-zero carbon objective stretching into 2021 and beyond, and in ALLCOT, the team has the perfect partner. The organisation’s tireless work to reduce carbon emissions directly supports the United Nations’ Sustainable Development Goals, which call upon governments, businesses and communities to protect the planet and put an end to poverty.
In addition to its carbon offset pledge, Veloce Racing’s sustainability credentials will be further enhanced by Extreme E’s environmental ethos. All competing cars will be 100% electric, zero-emission vehicle charging will use Hydrogen Fuel Cells generated by water and solar energy, limited team numbers will be permitted on-event and all freight and logistics will be transported to race locations by boat, which it is estimated will reduce carbon by two-thirds in comparison with air travel.
Daniel Bailey, CEO, Veloce Racing, commented:
“Partnering with ALLCOT Group is a significant moment in Veloce Racing’s journey. Ever since our organisation was founded, we have prided ourselves on being pioneers and leading the way amongst our peers – and sustainability has always been one of our three core pillars.
“ALLCOT Group’s philosophy perfectly matches our own, and offsetting all of our carbon emissions from the moment we joined Extreme E over a year ago is a key element of our participation in this unique championship. We are fully committed to playing our part in the preservation of our planet – and we look forward to working closely with ALLCOT Group to achieve our net-zero carbon objective.”
Alexis Leroy, CEO, ALLCOT Group, commented:
“This landmark partnership with Veloce Racing is a great opportunity to open the path to sustainability leadership not only with Extreme E but also with its main stakeholders, the teams.
“We welcome Veloce Racing’s leadership and look forward to showcasing impacts compensation beyond greenhouse gas. Working hand-in-hand with Veloce Racing in that respect will allow us to send a strong message within the world of motorsport as we hope this initiative will build traction among its peers.”
The 2021 Extreme E season is set to begin in Al-Ula, Saudi Arabia (20-21 March) before moving on to Dakar, Senegal (29-30 May), Kangerlussuaq, Greenland (28-29 August), Para, Brazil (23-24 October) and Tierra Del Fuego, Argentina (11-12 December).
Veloce is a London-based organisation that focusses on disruptive areas of the sports and entertainment industries – specifically, esports and sustainable, EV motorsport. The brand comprises established professional gaming organisation, Veloce Esports and Extreme E outfit, Veloce Racing with both teams falling under the overarching Veloce umbrella. As a whole, the business occupies the fastest-growing sectors in motorsport.
Veloce Racing was born from Extreme E’s vision of sustainability-focussed, content-rich and gender-equal sport. The team’s remarkable leadership line-up is spearheaded by legendary Formula 1 designer Adrian Newey and Formula E Champion and ex-Formula 1 driver Jean-Éric Vergne. They are joined by a host of other industry entrepreneurs and innovators who are eagerly awaiting the start of the inaugural 2021 season. Extreme E is an innovative new motorsport championship that sees electric SUVs going head-to-head in areas of the world that have been damaged by climate change or environmental issues.
The Veloce Esports’ driver stable includes many high-profile drivers, influencers and teams from across the globe. Among them are the official McLaren Racing, Alfa Romeo, Sauber and YAS HEAT esports programmes as well as YouTube sensations Tiametmarduk, Aarava, Xpertgamingtech and Lando Norris’ Quadrant channel to name but a few. The organisation’s digital broadcast network, across its various channels, generates in excess of 130 million views per month.
ALLCOT is a veteran project developer offering knowledge, expertise, and management to initiatives that reduce greenhouse gas (GHG) emissions to actively combat the climate crisis under Article 6 of the Paris Agreement is aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs).
ALLCOT is a leading actor in the climate and sustainability impact markets and is recognized as one of the established companies in the sector that has been building a strong reputation in environmental project development and the development of corporate sustainability services in their home and emerging markets. Developing their own emission reduction projects, ALLCOT supports companies and public bodies to improve their sustainability performance by offering consulting services under various carbon quantification standards (CDM, VCS, GS) and for various sectors (forestry, waste, renewable energy, transport, sports) covering the entire carbon credit value chain for its later management in the markets created under the Paris Agreement.
Since 2009, ALLCOT has been recognized for using an innovative approach to help companies reduce their environmental impact in line with the United Nations’ Sustainable Development Goals and actively combat the climate crisis under Article 6 of the Paris Agreement aligned with the 2030 Agenda. Building long term partnerships to promote sustainability within a variety of sectors, ALLCOT provides services and tools to build and deploy emissions reduction strategies, supporting clients with foot printing activities, project development, renewable energy certificates, and even training programs. Up to this date, ALLCOT is present in more than 6 countries, having a portfolio of over 50+ projects in Brazil, Chile, Colombia, Mexico, Guatemala, Senegal and more, resulting in over 2.9 million carbon credits in the process of verification.
Alexis L. Leroy, Founder and CEO of ALLCOT, commented: “We are proud to be part of ICROA for the values it carries and its legacy as the voice of the voluntary market. With the help of its members and secretariat, we aim to reach out to the LAC markets in order to promote collaboration across key stakeholders and influencers to enhance confidence and respect for the value and impact of voluntary climate action, in line with ICROA’s and ALLCOT’s values and principles”.
“ALLCOT has successfully completed ICROA’s third party audit process and we are pleased to count them as a new member. We look forward to ALLCOT’s contribution to advancing transparency and best practices in the jurisdictions where they have operations, in an effort to grow global voluntary climate action across the private sector through market mechanisms”, indicated Antoine Diemert, ICROA’s Programme Director.
Source: PR ICROA.